International Economics: A-Level Economics
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International Economics: A-Level Economics
Economy
A collection of articles relating to the 'international' elements of Economics and relating to IB, Pre-U and A-Level Economics.
Curated by Graham Watson
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Scooped by Graham Watson
March 12, 2018 8:24 AM
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EU 'will stand up to trade bullies'

EU 'will stand up to trade bullies' | International Economics: A-Level Economics | Scoop.it
From www.bbc.co.uk - March 12, 2018 8:22 AM
Tensions continue over US tariffs on imported steel and aluminium imposed by President Trump.
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Graham Watson's insight:
And so it goes...

A bit of Kurt Vonnegut to accompany the latest response to US tariffs on steel.
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Scooped by Graham Watson
March 11, 2018 1:12 PM
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From Edward III to Alexander Hamilton: history’s biggest protectionists | Larry Elliott | Business | The Guardian

From Edward III to Alexander Hamilton: history’s biggest protectionists | Larry Elliott | Business | The Guardian | International Economics: A-Level Economics | Scoop.it
From www.theguardian.com - March 10, 2018 11:00 AM
Both Britain and America have championed free trade from a position of global strength. But their views in the past were very different
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Graham Watson's insight:
Larry Elliott with a historical overview of protectionism. The US and the UK haven't always been in favour of free trade, you know. 
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Scooped by Graham Watson
March 11, 2018 1:14 PM
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US steelworkers say Trump tariff plan has appeal – 'but about 40 years too late' | US news | The Guardian

US steelworkers say Trump tariff plan has appeal – 'but about 40 years too late' | US news | The Guardian | International Economics: A-Level Economics | Scoop.it
From www.theguardian.com - March 11, 2018 7:34 AM
Workers in Pennsylvania, once a steel hub, are conflicted about the tariffs proposal and fear Trump could just be playing politics
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Graham Watson's insight:
So, if tariffs don't represent 'good economics', why do countries adopt them?

Here is your answer: because it benefits a narrowly defined, concentrated group and the costs are widely dispersed among many different economic agents. In this instance, US steelworkers and US consumers.  
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Scooped by Graham Watson
March 11, 2018 1:10 PM
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The war over steel: Trump tips global trade into new turmoil | Business | The Guardian

The war over steel: Trump tips global trade into new turmoil | Business | The Guardian | International Economics: A-Level Economics | Scoop.it
From www.theguardian.com - March 10, 2018 11:00 AM
The EU does not want the president’s tariffs to create a spiral of retaliation. But Europe is a target – and a battle looks inevitable
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Graham Watson's insight:
The Guardian considers the likely effects of a global trade war - they aren't good, although it seems that retaliation is inevitable. 
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